Dominion Finance has given shareholders a heads-up that it may return to them for money, as it maps out its future growth strategy.
At the annual meeting in Auckland, the company's chairman told them that in looking at ways to grow the company, it had discarded a number of opportunitiesbut was still weighing up others which could come to fruition later this year.
Without giving details, the chairman said any option would likely require more money from shareholders or new investors in order to maintain Dominion's equity to asset ratio.
Chief executive Terry Butler said the company's assets had risen $13.3 million to $164.5m since the March 31 year end.
"Demand for lending continues despite the numerous media reports of a dramatic slowdown or pending crash in the property sector," he said.
"We are seeing a slowing down in certain areas of the property market but generally it is in those areas that we have not operated, mainly the inner city small apartment block developments."
Mr Butler said the firm expected to see some industry consolidation as companies merged to create a greater asset base to expand on.
"...We are always on the look out for good opportunities but it is not our intention to enter into such transactions for growth sake alone," he said.
"There must be a tangible opportunity for us to increase the bottom line."
Earlier this year, Dominion blitzed its prospectus forecasts, delivering a full-year after tax profit of $7.649m, up 43 per cent on the previous year.
Its shares ended unchanged today at 120c, well up on the 100c it floated at in July last year.
